Germany moves step closer to cancelling carbon permits linked to 2024 coal plant closures
Germany has completed its intention to voluntarily cancel EU carbon allowances associated with the 2024 closure of 14 coal-fired electricity generation plants covered by the EU Emissions Trading System (EU ETS), the European Commission confirmed last week.
Read MoreEU ETS needs ‘force majeure’ clause, says chemical industry
The European chemicals industry has called for a ‘force majeure’ clause in the EU Emissions Trading System (ETS), arguing that industrial installations unable to decarbonise due to external factors beyond their control should be exempted from mandated CO2 cuts.
Read MoreEuro Markets: EUAs post 1.3% weekly drop after testing upper end of recent price range as energy slides
With much of Europe enjoying a public holiday on Friday, EU carbon allowances took advantage of the low liquidity to test the upper end of the recent price band, while energy markets edged higher as Iran downplayed the likelihood of a ceasefire agreement with the United States.
Read MoreANALYSIS: New EU ETS benchmarks neutral for market with ‘fallback’ values unchanged
Leaked draft benchmarks, which are expected to be the final set of values, that will determine how many free carbon permits industrials receive under the EU ETS across 2026-30, are not likely to have a major impact on market prices, analysts have said, with one team forecasting an overall 4 Mt/year increase in handouts over the period, compared to the previous draft.
Read MoreEuro Markets: EUAs post modest gain as focus remains firmly on volatile energy markets
European carbon made a modest advance on Thursday amid wild swings in energy prices as EUAs held on to their negative correlation with oil and gas.
Read MoreLEAK: Brussels to sharpen EU ETS benchmarks while granting €4 bln free allowance boost
A European Commission presentation containing draft benchmark values that determine how many free allowances industries receive under the EU Emissions Trading System (ETS) retains steep reductions for the ‘fallback’ categories, while outlining a new approach expected to deliver around €4 billion more in free allocations.
Read MoreEuro Markets: EUAs tumble most since Easter as market snaps back to negative correlation with energy
European carbon prices shed 2.5% on Wednesday as traders re-focused on the conflict over the Strait of Hormuz and its impacts on energy markets while the negative correlation – between gas and oil on one side and carbon on the other – resumed to send EUAs back below a number of technical support levels.
Read MorePolicymakers should consider rewarding carbon removal with EU ETS benefits -expert
Carbon removal could be added to the list of decarbonisation actions that are tied to EU ETS benefits like free allowances and indirect ETS cost compensation, suggested a German consultant on a webinar Tuesday.
Read MoreEU Commission open to discussing Italian gas power subsidy
The European Commission signalled conditional openness to Italy’s plan to subsidise gas-fired power on Wednesday, as it unveiled a new temporary state aid framework to cushion energy-intensive sectors from the Middle East crisis.
Read MoreEEX confirms fall in EU carbon volumes in 2025, as Q1 2026 trade surges
European exchange EEX confirmed that its EU emissions spot and derivative volumes dipped in 2025, year-on-year, in annual financial results published Wednesday.
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